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Even though SAACOSH qualifies as an Exempted Micro-Enterprise and is therefore considered a Level Four contributor, we are striving to achieve the requirements for a Qualifying Small Enterprise as we believe we would very soon fall into that category. Currently twenty-six percent of the members interest in SAACOSH is in the hands of previously disadvantaged individuals, with a one third vote at member meetings. Aspects like management control, employment equity and skills development are also well developed and on target. Even though SAACOSH qualifies as an Exempted Micro-Enterprise and is therefore considered a Level Four contributor, we are striving to achieve the requirements for a Qualifying Small Enterprise as we believe we would very soon fall into that category. Currently twenty-six percent of the members interest in SAACOSH is in the hands of previously disadvantaged individuals, with a one third vote at member meetings. Aspects like management control, employment equity and skills development are also well developed and on target. |
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